GamesBeat Summit 2021
Industry veterans from Riot Games and other studios have raised $37.5 million to launch their Theorycraft Games game studio.
The studio of six people is based in Seattle and Los Angeles, and it is working deep, competitive player-versus-player games.
China’s NetEase led the round, and other investors include NEA, Bitkraft Ventures, Griffin Gaming Partners, Sisu Game Ventures, and a small group of strategic angel investors. It’ll use the capital to recruit diverse and driven talent to the Theorycraft team to develop a community-driven, PvP game available on multiple platforms.
A triple-A team
The leaders once worked at Riot Games, Bungie, Blizzard, and Valve Software. They helped make games such as League of Legends, Halo, Destiny, Overwatch, Valorant, and Team Fortress